Hub International acquires Missouri-based agency

Broking large Hub International has made a transfer to develop its presence within the Mid-America area by buying the property of Dieffenbach Benefits Group LLC, which operates underneath the title F.A.R.E. Healthcare.

F.A.R.E. Healthcare is situated in St. Louis, Missouri and supplies complete group profit packages, life insurance coverage, and worker healthcare providers. Its group, led by principal and co-founders Mollie Dieffenbach and John Byrne, are set to hitch Hub Mid-America as a part of the deal.

“Combining F.A.R.E. Healthcare’s service reputation and network of relationships with Hub’s vast capabilities and resources establishes a major presence in St. Louis and the surrounding areas, which is a strategic focus for Hub Mid-America,” Paul Cohen, Hub president of Kansas and Missouri, stated in a information launch.

With the acquisition, F.A.R.E. Healthcare will function underneath the title F.A.R.E. Healthcare, a Hub International firm. It might be Hub’s first official workplace in St. Louis.

Last month, Hub made a transfer to develop its Northwest presence, having swooped for Washington-based agency Shinstrom & Norman. This got here after it acquired Horizon Insurance, a private insurance coverage supplier in Worcester, Massachusetts.

Last yr, chief know-how officer Seth McCallister remarked on Hub’s M&A exercise and referred to as it one of many firm’s “primary engines” for progress.

“We have a strong organic growth combined with our M&A and that’s what we view as our secret sauce,” he stated in an interview with Insurance Business.

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